Old Mutual, Kenya Airways, and HF Group Report Mixed H1 2025 Financial Results - August 2025

Companies reported varied financial performances for the first half of 2025. Old Mutual Holdings PLC reported a sharp profit plunge of 98-99% to KShs 5 million for the half year ended June 30, 2025, citing lower interest rates and weakened insurance service results. Similarly, Kenya Airways reported a significant loss of Sh12 billion, a reversal from a Sh513 million profit a year earlier, attributing the downturn to grounded aircraft and reduced passenger traffic. In contrast, HF Group PLC announced a 134% jump in profit after tax to KSh 624.3 million, a performance that contributed to its banking subsidiary's upgrade to a Tier II bank.

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Tuesday 12:50 PMThe Kenyan Wall Street

Profits Plunge by 98% at Old Mutual on Insurance Pressures

Old Mutual Holdings PLC reported a sharp 98% plunge in Profit after Tax (PAT) to KShs 5 million for the half year ended June 30, 2025, down from KShs 249 million last year, primarily due to higher costs and weaker insurance performance.